Wildhorse Corporation is a private camping ground near the Lathom Peak Recreation Area. It has compiled the following financial information as of December 31, 2022. Service revenue $171,600 Dividends declared $11,700 General store revenue 32.500 Bank loan payable 65,000 Accounts payable 14,300 Salaries expense 115,700 Cash 11,050 Office expense 28,600 Equipment 148,200 Supplies 3,250 Income tax expense 6,500 Common shares (1/1/2022) 6,500 Supplies expense 16,900 Retained earnings (1/1/2022) 6,500 Additional information: $45,500 of common shares were issued during the year.